UNICREDIT (UCG): UNICREDIT GROUP: CONSOLIDATED RESULTS FOR 2007 APPROVED ROBUST GROUP PERFORMANCE DESPITE THE WEAKNESS OF THE FINANCIAL MARKETS - raport 15
Raport bieżący nr 15/2008
Podstawa prawna:
Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieżące i okresowe
Date: March 13, 2008
Pursuant to § 36 of the Ordinance of the Minister of Finance of October 19, 2005 on current and periodic information submitted by issuers of securities (Journal of Laws No. 209, Item 1744), UniCredito Italiano S.p.A. ("UCI") hereby provides the English language version of the current report (press release) prepared by UCI, as well as the Polish translation thereof with attachments (tables).
PRESS RELEASE
UNICREDIT GROUP: CONSOLIDATED RESULTS FOR 2007 APPROVED
ROBUST GROUP PERFORMANCE DESPITE THE WEAKNESS OF THE FINANCIAL MARKETS
NORMALIZED [1] PRO-FORMA [2] NET PROFIT €7,282 MILLION, AN INCREASE OF 10.4% YOY
PROPOSED DIVIDEND OF €0.26 PER ORDINARY SHARE, AN INCREASE OF 8.3% YOY (€0.275 PER SAVINGS SHARE)
UNICREDIT GROUP PRO-FORMA:
- Group’s portion of net profit €6,566 million
- Earnings per share excluding Capitalia €0.62, +17% YoY; normalized earnings per share €0.55
- Core Tier 1 5.83%, an improvement over 2006, despite the impact of the acquisition of ATF in Kazakhstan and Capitalia shareholders’ exercise of withdrawal rights following the merger
- Operating profit €13,346 million (+11.4% YoY) thanks to the solid performance of the commercial banks (+15.3% YoY)
- Negligible exposure to US subprime: €164 million at December 2007 (-€82 million on September 2007)
- Cost/income ratio down by 2.6 pp YoY at 55.0%
- Asset quality improves:
- Net impaired loans down by approximately €3 billion YoY (-15%)
- Coverage ratio of net impaired loans improved (54.5% at December 2007, +3 pp YoY)
- The successful integration of Capitalia continues: integration costs of €1.3 billion expensed in 2007
UNICREDIT GROUP INCLUDING CAPITALIA AS OF THE FOURTH QUARTER (MERGER EFFECTIVE FROM OCTOBER 1ST 2007):
- Group’s portion of net profit €5,961 million (+9.4% YoY)
- Operating income €25,893 million, an increase of 10.4% YoY thanks to the solid performance of net interest income (€14,843 million, +15.4% YoY)
- Operating costs €14,081 million, +6.2% YoY
- Operating profit €11,812 million (+15.7% YoY)
[1] The normalised net profit is calculated excluding from the pro-forma net profit the integration costs related to Capitalia (-€840 million after taxes), the capital gain from Mediobanca (€549 million after taxes), the negative impact of a one-off charge linked to tax reforms in Italy and Germany (-€360 million) and to the PPA (Price Purchase Allocation, €62 million).
[2] The pro-forma figures are calculated on the basis that the merger with Capitalia was effective as of January 1st, 2007. Please note that the pro-forma income statement was prepared for purely illustrative purposes and is not to be construed, therefore, as representative of the results that might have been obtained had the merger actually taken place at the beginning of the period used as a reference.
[3] Retail, Corporate, CEE Region and Private Banking
Milan, March 13th, 2008
Investor Relations:
Tel. +39-02-88628715; e-mail: investorrelations@unicreditgroup.eu
Media Relations:
Tel. +39-02-88628236; e-mail: mediarelations@unicreditgroup.eu
Załączniki:
Plik;Opis
FY07 tabelle.pdf;Tables
Grupa UniCredit_TABELE_POLSKI (2).pdf;Tabele
Elżbieta Krakowiak - Attorney of UniCredit
